Dekel Agri-vision Share Discussion Threads

[empirestate] 04/5/2016 12:14

Mach, i hope we are at the bottom, as although my average holding price is considerably lower than todays sp, i do have a tranch at 1.6. Ultimately we will come good here over time and i think the catalyst to strength in the share price will be the half year financials, which should show a considerable profit improvement on the back of lower finance costs, decent cpo average prices and improved production numbers. I did feel as though the re-action to the full year 2015 was a tad damp as i thought the consensus was that they were going to show a bigger profit and it appeared there was little emphasis on the improved comparative result. My target here is 2p+ on issuance of the half year results.

[activeservo] 04/5/2016 11:06

Mach100, agreed. I also think the impending in out referendum and low oil price is having an impact across the markets. Once the vote is out the way and the oil price starts to recover in ernest we should start to see a return of the good times. The depressed markets should provide some ideal buying opportunity...

[mach100] 03/5/2016 21:14

Hi EA. Markets seem a bit soggy in general. FWIW I think we are back at a tipping point where there is more buys than sells and around full ask. The issue for now is there is not enough buying in volume to push us up.I personally don't see 1.25/1.3p unless we get sustained selling. We will have production news in 2 months but a positive agm statement may also give the share price a lift. I am obviously hoping we now at the bottom and that we are oversold at this level.

[empirestate] 03/5/2016 15:21

erm, we appear to be in a slight down trend. won't be buying anymore at this level as i think we could well see it drifting again in the absence of any news flow, but will certainly buy on any sustained weakness at around the 1.25/1.30 level if it gets there.

[empirestate] 29/4/2016 10:50

looks to me like Miton have another buy order to fill. I know the sales have been relatively small over last couple of days but i would have expected the price to drift a little.

[empirestate] 29/4/2016 10:47

28/04/2016
Crude Palm Oil prices in 2016 are likely to average higher than in 2015 as global demand holds up and output falls in Indonesia and Malaysia as a result of especially dry El Nino-related weather conditions, according to Fitch. “We expect the pre-export tax and levy CPO price to range between $650/tonne and $700/tonne this year,” Fitch says.
Production has fallen significantly in Malaysia, with output declining to an 18-month low of 1.04 million tonnes in February 2016. This dragged stocks down from a peak of 53 days in November 2015 to as low as 27 days in March. Industry association estimates in Indonesia also forecast a reduction in output there in 2016 – the first annual fall in production in at least 15 years.
In Indonesia, domestic consumption is likely to increase substantially, which should also bolster global prices because less CPO is available for export. The Indonesian government has raised palm oil content in biodiesel to 20% in 2016, after increasing the blending rate to 15% in 2015 from 10%.
The Indonesian government’s imposition of a flat export levy of $50/tonne of CPO and $30/tonne of processed palm oil products from May 2015, coupled with a price-linked progressive export tax structure subject to a minimum reference price of $750/tonne, makes it more attractive for Indonesia-based CPO firms to cater to the domestic market.
Should the government’s reference price rise above $750/tonne, the levy will still apply, but the total amount an exporter pays will not exceed the applicable export tax. The export levy is meant to compensate for loss of export tax revenues, should the CPO reference price fall below USD750/tonne and to fund biodiesel subsidies.
It is important to note, though, that CPO prices depend on both industry supply-demand dynamics and the global economic environment. CPO prices have historically exhibited high positive correlation with crude oil because CPO is used as a biodiesel input. Therefore, a renewed or sustained downturn in crude oil prices would likely be a drag on CPO prices.
The decline in CPO prices since April 2014 and consistent stock accumulation contributed to Fitch’s initial negative sector outlook for 2016. Fitch no says the sector outlook for Asian palm oil producers is improving as changes in supply and demand dynamics point to higher prices for crude palm oil (CPO) in 2016.
Higher prices will be credit positive for producers as they will result in higher operating cash flows and improve CPO firms’ credit profiles. While this is supportive of a stable sector outlook, there is a high positive correlation between CPO and crude oil. As a result, Fitch believes that the outlook for the sector remains muted, though improving.

[ddonaldson2] 28/4/2016 16:22

Is anyone else having trouble buying? Can only get a quote of £500, can't get anything for even £1,000

[mach100] 28/4/2016 10:07

Hi Empire I think it will be four to six weeks after the results date so maybe Mid May to beginning of June. I don't think we will have any production numbers until July but I suppose if they are going swimmingly they may announce that production has continued to grow etc as a strap line for the AGM.

[empirestate] 28/4/2016 09:19

Mach, any idea when the AGM is? I have messaged the co to request the same. I presume it may be 1st/2nd week May so that they can also incorporate production numbers for April too.

[tromso1] 26/4/2016 15:34

SharePickers
‏@SharePickers

Lincoln Moore of DekelOil #DKL discusses the co’s positive progress on today’s @VOXMarkets podcast @DekelOilLtd >

[mach100] 25/4/2016 19:40

HI ES and yes mercilessly punished too for it today. Lots of buyers seem to be staying out for now and sellers exiting but thankfully not in any great volume. We saw some buyers come in late afternoon but whether that is the starting of a buying trend remains to be seen!

[empirestate] 25/4/2016 11:15

a bit of a glass half full RNS.

[pyglet] 19/4/2016 08:50

Just topped up again. Cannot beat a better vote in confidence than MITON upping their stake.

[empirestate] 19/4/2016 07:38

There she is, Miton soaking up the sales

[mach100] 18/4/2016 16:38

Yes I agree ES. A veritable flood of sales as investors pounce on the pause to lock in profits. I am taking a longer view myself and so is our background buyer!

[empirestate] 18/4/2016 10:18

i am surprised the share price hasn't drifted lower today considering the sales. I can only presume that there is a buy order in the background being filled.

[beeezzz] 14/4/2016 22:01

Interesting company...used to hold another Palm company got taken over....plenty of shares in circulation; consolidation would help get it out of being a penny share.

Looks very promising...with Palm oil prices rising;

[here and there] 14/4/2016 16:59

great results today , what a fine little company, way too cheap IMHO. here are two excellent interviews from today,

[...]

hxxp://www.sharepickers.com/

no.456

[proactivest] 14/4/2016 16:17

Video interview with Lincoln Moore



Lincoln Moore, executive director at palm oil producer DekelOil (LON:DKL) runs through the company's recent full-year results which saw revenues increase 134% after record production in Ivory Coast.

Moore says the company "really build good platform for growth in 2015 which will be a launching pad for further growth in 2016 and beyond".

He says "things look pretty rosy for 2016" and that talks to be certified by the Rountable for Sustainable Palm Oil are progressing well.

[empirestate] 14/4/2016 08:14

could well see some director purchases over the next few days

[ntv] 14/4/2016 08:03

with the large increase in mill through put and the peak seasons of march to june upon it would not impossible for production at the half year to exceed the whole of 2015 and with much lower costs the company should pay a dividend at the end of the year which will be nice

[empirestate] 14/4/2016 07:47

looking pretty good to me. hopefully the market shows recognition of the decent numbers in the share price re-finance news shouldn't be too long.

[here and there] 11/4/2016 23:35

remaining debt sorted by end of Q2

results early because they are ready!

[alexoliver1] 11/4/2016 20:03

DekelOil Public Limited (LON:DKL) reported this week that it had produced substantially more palm oil than even it expected in its latest quarter, with output from the 51% owned Ayenouan palm oil project in the Ivory Coast rising by 56% to 15,141 tonnes versus a year ago.Speaking to Proactive Investors, Lincoln Moore, executive director, says the results were "a pleasant surprise" after the firm had initially expected to hit around 12,000 tonnes.He adds that he "now expects 2016 to see a significant jump in profitability", with EBITDA more than 80% ahead, leading to a much higher rise in net profit.In for a winner folks http://www.proactiveinvestors.co.uk/companies/stocktube/4864/dekeloil-public-limiteds-moore-sees-significant-jump-in-profits-this-year-4864.html